Retirement Blog

Monday, August 22, 2011 3:49 pm
By Jennie L. Phipps · Bankrate.com

Today’s retirement planning crisis is over Social Security Disability Insurance, or SSDI, which the Congressional Budget Office announced is about to go belly up because so many people have turned to it in these economic hard times. The report says the average monthly payment for SSDI is $927. It’s paid for out of Social Security payroll

» Read more
Sunday, August 21, 2011 7:00 am
By Jennie L. Phipps · Bankrate.com

Social Security records more than 14,000 people a year as dead when they aren’t — or as Mark Twain said, “The report of my death has been greatly exaggerated.” CNNMoney reported on the phenomenon this week, pointing out that one in every 200 deaths — are incorrectly entered into its Death Master File, which contains

» Read more
Friday, August 19, 2011 1:23 pm
By Barbara Whelehan · Bankrate.com

Putnam Investments introduced an application earlier this summer that helps iPhone users understand the trade-offs of everyday money decisions and how they may affect their future retirement, according to Financial Security Project at Boston College. Only about 1,000 people have downloaded its PriceCheck&Save app so far — but that may be because it’s only available

» Read more
Thursday, August 18, 2011 2:41 pm
By Jennie L. Phipps · Bankrate.com

Picking the right person — or persons — to manage your affairs when you can’t is a retirement planning decision to be made cautiously. Anthony Enea, a New York-based attorney who specializes in retirement-related issues and estate planning, says he’s stopped counting the number of people who choose poorly, picking someone who is nice to

» Read more
Wednesday, August 17, 2011 3:30 pm
By Jennie L. Phipps · Bankrate.com

The financial repercussions of the Great Recession will last into retirement for many people because their retirement incomes are inextricably linked to the amount of money they earn in their working years. Everything from old-fashioned defined benefit pensions to balances in 401(k) plans as well as Social Security is tied to pay. The Urban Institute,

» Read more
Tuesday, August 16, 2011 1:41 pm
By Jennie L. Phipps · Bankrate.com

If you’re trying to sell to baby boomers or persuade boomers to see things your way, the worst thing you can do is to make them feel old. It’s a fact of life that banks, financial advisers, health care providers and a host of other businesses whose customers are at the retirement planning stage of

» Read more
Monday, August 15, 2011 12:52 pm
By Jennie L. Phipps · Bankrate.com

After a couple of years of agonizing over the state of the housing market, my husband and I are about to break ground on a retirement home on Lake Erie, south of Detroit. I bought the vacant lakefront property with money in my self-directed IRA from a bankrupt developer three years ago when real estate

» Read more
Sunday, August 14, 2011 7:00 am
By Jennie L. Phipps · Bankrate.com

Could going global with your retirement planning mean a bigger nest egg and greater security? Yes, thinking international is smart, says Aaron Katsman, a financial adviser with Portfolio Resources in Miami. Katsman, an American who is based in Israel, has clients worldwide. “My philosophy is that however people allocate their retirement funds, they have to

» Read more
Friday, August 12, 2011 3:02 pm
By Barbara Whelehan · Bankrate.com

The market malaise has not only wreaked havoc for you and me and everyone else involved in retirement planning — the big institutional heavyweights were also dealt heavy losses in recent weeks. In fact, an article in today’s Wall Street Journal suggests that mutual funds and pension funds are to blame for much of the

» Read more
Thursday, August 11, 2011 1:43 pm
By Jennie L. Phipps · Bankrate.com

End-the-Ponzi-Scheme, a regular reader who frequently comments, complained about the blog I wrote a couple of days ago. The blog said that the odds of being able to pull $1,000 per month from a $150,000 nest egg without running out of money after about a dozen years were 50/50.  End-the-Ponzi-Scheme said I didn’t provide enough

» Read more
Page 79 of 116« First...102030...7778798081...90100110...Last »